3046 Nimitz Blvd
Dbottom 20%San Diego, CA 92106
One license per person in San Diego: whether you can hold it depends on you, not only the home.
71 licensed short-term rentals within ½ mile (42 whole home), from the cities' license and permit lists of Nov 11, 2026.
Pass at asking: -$10,149/mo full cashflow at 20% down, 7.43% rate.
Works at $458,532 (74% under asking); even all cash loses money at asking.
Rent $4,574/mo from 8 leases of 3-bed houses within 1 mi ($4,719–$5,197).
Beds
3
Baths
1
Sqft
1,218
Year Built
1928
Days on Market
244
Property Type
Single Family
HOA/mo
N/A
MLS ID
260005744SD
This property is in San Diego (92106). View neighborhood stats →
About This Property
Great Development Opportunity in the heart of Point Loma. High density zoning, close to airport, shopping and restaurants.
Mortgage Calculator
Est. Monthly Payment
$12,188
Location
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Zoned Schools
Elementary
Loma Portal Elementary · grades K-4 · San Diego Unified
Middle
Correia Middle · grades 7-8 · San Diego Unified
High
Point Loma High · grades 9-12 · San Diego Unified
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
4 comps foundThis Property
$4,574
Comp Average
$4,641
3204 Ingelow St.
3bd / 2ba · 1,408 sqft · Single Family
$1.45M
Est. $5,103/mo
3641 Poe Street
2bd / 2ba · 1,056 sqft · Single Family
$1.30M
Est. $4,433/mo
1470 Evergreen
3bd / 2.5ba · 1,419 sqft · Single Family
$1.50M
Est. $4,816/mo
3426 Wisteria Drive
2bd / 1ba · 1,149 sqft · Single Family
$1.50M
Est. $4,211/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 3-bed houses within 1 mi · $4,719–$5,197
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$10,149/mo short at 20% down; +$13,181/mo rent closes it.
- Break-even price
- $458,532
- Break-even rent
- $17,755/mo
- Cashflow at 35% down
- −$8,295/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
74% under asking
$13,181/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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